Greece, though an outlier, has always been a signifier, too: this is what happens when modern capitalism fails. For there are inept bureaucrats and corrupt elites everywhere: only the trillions of dollars created and pumped into their nations’ economies to avoid collapse shields them from the scrutiny they have received in Greece.
We face two years of electoral uncertainty in Europe, with the far left or the hard right now vying for power in Spain, France and the Netherlands. Some are proclaiming this “the end of neoliberalism”.
I’m not sure of that. All that’s certain is that Greece shows how it could end.
A politically created bureaucratic hell is what he calls neoliberal capitalism, is it?